Everbridge, Inc. is an American enterprise software company that offers applications which provide information about critical events to help with personal safety and business continuity. Formerly known as 3n Global and the National Notification Network, Everbridge began operations in 2002.[2] In an emergency, Everbridge sends messages via telephone, text message and email,[2] but stop once they know that a person has read a message.[3] An app allows emergency managers to track geotagged tweets that contain specific hashtags and use this information to respond to incidents as they occur.[2]
Their system was used in 2012 to send over 10 million messages to residents during Hurricane Sandy.[2][3] During the Boston Marathon bombings in April 2013, the city of Boston used Everbridge for its critical communications.[4] Everbridge relayed information to business operators, employees, firefighters, hospital staff, police and residents after the explosions and during the lockdown of Boston, Watertown, Waltham and surrounding areas.[5] It was also used during the COVID-19 pandemic to provide updates to Boston residents.[6][7][8]
In 2016, Everbridge raised $90 million in an Initial public offering,[9] becoming a publicly traded company (EVBG) on the Nasdaq stock exchange. In 2017, its revenues totaled $104 million. Three years later, that figure rose to $271 million.[10] In 2024, the company was taken private by Thoma Bravo.
The company's customers include the University of Mississippi,[11] the U.S. Army,[12] West Virginia,[13] Hartsfield-Jackson Atlanta International Airport,[14] and the countries of Norway,[15] Peru, and Australia.[16]
History
Formerly known as 3n Global, a wholly owned subsidiary of the National Notification Network,[17] the company was founded in 2002 in response to the September 11 attacks to assist with crisis coordination.[16] It changed its name to Everbridge in April 2009.[18]
In addition, Everbridge has been used to alert residents and first responders during Hurricanes Sandy[19] and Dorian.[20]
The company saw an increase in users during the COVID-19 pandemic.[12]
Everbridge products rely on sources such as threat data, social media, traffic cameras,[21] and 9-1-1 data.[22]
Private equity firm Thoma Bravo agreed to acquire Everbridge for approximately $1.8billion in March 2024.[23] Thoma Bravo's offer of $1.5billion a month earlier was increased since Everbridge said it received a better offer during the 25-day "go-shop" period.[24][25] The acquisition closed in July 2024.[26]
Acquisitions
The following is a list of acquisitions by Everbridge:
Leadership
The four founding partners of Everbridge are: Cinta Putra, Steve Kirchmeier, Patrick Stuver, and James Keene.
Current Leadership: Everbridge is led by David Wagner as new CEO,[37] successor to David Meredith.[38] Other notable executives include Chief Product Officer Bryan Barney, Chief Information Officer Shiela Carpenter, Chief Security Officer Tracy Reinhold,[39] and Chief Technology Officer Imad Mouline.[40]
See also
- Emergency management
External links
References
- 2023 Annual Report (Form 10-K) U.S. Securities and Exchange Commission, February 27, 2024^
- Alex Knapp. Everbridge Let Cities Keep Residents In The Loop During Hurricane Sandy Forbes, 31 Oct 2012^
- "Remembering Hurricane Sandy: One Year Later." 28 Oct. 2013: http://www.wcvb.com/page/search/htv-bos/news/local/boston-south/Remembering-Hurricane-Sandy-One-year-later/-/9848842/22679114/-/j7k0jsz/-/index.html^
- Everbridge: This is not a test - Fortune Tech Tech.fortune.cnn.com, 2013-05-06, retrieved 2013-10-29^
- Erin Ailworth. Firm's system got out the word on Marathon bombing when cellphone networks crashed The Boston Globe, 2013-04-18, retrieved 2013-10-29^
- Walsh Calls on Boston to Rally Against Coronavirus: 'We Simply Need Everyone's Help' NBC Boston, 17 March 2020, retrieved 2020-06-17^
- City of Boston expands COVID-19 text service to include 11 languages Boston.gov, 2020-04-20, retrieved 2020-06-17^
- Everbridge added to membership Russell 1000 index 2020-06-29^
- Curt Woodward. Burlington's Everbridge raises $90m in IPO Boston Globe, September 15, 2016^
- EVBG Yahoo! Finance, retrieved June 21, 2021^
- Michael Newsom. University's Contact Tracing Efforts Strengthened by Smartphone App Ole Miss, August 24, 2020^
- Trefis Team. Has Everbridge's Stock Returned To A Buy Zone? Forbes, June 15, 2021^
- Elizabeth Weise, Karen Weintraub. Amid a chaotic COVID-19 vaccine rollout, states find ways to connect shots with arms USA Today, March 1, 2021^
- Tammy Waitt. Atlanta Deploys Everbridge for Super Bowl, Register Today for Critical Alerts (Learn More, Multi-Video) American Security Today, February 1, 2019^
- Adam Smith. Everbridge CEO: We Can Play Critical Role in Covid-19 Contact Tracing The Street, May 24, 2020^
- Ari Levy. While the market tanks, this software company founded after 9/11 to help businesses deal with disasters is thriving CNBC, March 13, 2020^
- Business Profile: National Notification Network, LLC Better Business Bureau, retrieved August 13, 2021^
- S-1/A 1 d16274ds1a.htm S-1/A Securities and Exchange Commission, retrieved June 22, 2021^
- Pat Munsey. Emergency notification system is live Kokomo Perspective, April 3, 2014^
- Paul Crocetti. Everbridge Critical Event Management tailored for COVID-19 TechTarget, March 25, 2020^
- Spencer Ives. Everbridge Acquires IDV Solutions Security Systems News, February 13, 2017^
- Emily Johnson. Modern Advances in Disaster Alert Technology InformationWeek, October 22, 2018^
- Thoma Bravo lifts offer price for software firm Everbridge Reuters, March 1, 2024^
- Hiawatha Bray. Software firm Everbridge looks to go private in $1.5 billion deal with Thoma Bravo The Boston Globe, February 5, 2024^
- Dan Primack. Thoma Bravo ups Everbridge takeover price to $1.8 billion Axios, March 1, 2024^
- Cassidy Cavanagh. Thoma Bravo Completes Acquisition of Event Management Software Firm Everbridge Mergers & Acquisitions, July 2, 2024^
- Bernadette Tansey. The Technology Behind Fighting California's Fires & Other Disasters Xconomy, August 6, 2018^
- Everbridge acquires Svensk Krisledning AB and its Crisis Commander crisis management product Continuity Central, January 26, 2017^
- Benedicte Tandsaether-Andersen. Unified Messaging Systems joins Everbridge - will offer crisis management platforms Shifter, April 12, 2018^
- Lucia Maffei. Everbridge acquires threat intelligence firm NC4 for $83M Boston Business Journal, August 1, 2019^
- Shubham Sharma. Everbridge acquires one2many, launches first unified public warning system to combat coronavirus pandemic Silicon Canals, March 24, 2020^
- Paolo Bossi. Everbridge, Inc.'s Acquisition Of Techwan SA Global Legal Chronicle, September 2, 2020^
- Phillip Nunn. Award-Winning Kiwi Software Company Acquired By Global Critical Event Technology Leader SnapComms News, November 16, 2020^
- Aditya Nadar. Everbridge acquires xMatters to transform digital service resilience helpnetsecurity, May 11, 2021^
- Peter Hancock. RedSky has been acquired by Everbridge Madison Park Group, Jan 15, 2021^
- Taylor Connor. Everbridge, Inc. completed the acquisition of The Anvil Group Limited. MarketScreener, Feb 24, 2022^
- James Faris. MU alumnus, CEO leads company, helps others amid COVID-19 Madison Business Review, May 20, 2020^
- Lucia Maffei. Former Everbridge CEO launches new PE fund Boston Business Journal, January 12, 2021^
- IDG Connect. CSO Spotlight: Tracy Reinhold, Everbridge CSO, July 20, 2018^
- IDG Connect. CTO Sessions: Imad Mouline, Everbridge IDG Connect, November 11, 2020^